U.S. tech giants Alphabet and Meta Platforms contributed to a $16bn increase in Q2 dividend payments, with S&P 500 companies on track for 6% more dividends this year.
U.S. tech giants Alphabet and Meta Platforms contributed to a $16bn increase in dividend payments during Q2, with S&P 500 companies on track to pay 6% more in dividends this year. Both companies have strong financial positions and are expected to continue returning cash to shareholders via higher dividend payments. This trend among large tech firms to distribute more profits to shareholders is growing.
July 07, 2024
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